Running Head: APPLICATION OF ETHICAL THEORY TO ENRON CASE
OFACCOUNTING FRAUDApplication of Ethical Theory to Enron Case of
Accounting FraudNameInstructorInstitutional
AffiliationDate1APPLICATION OF ETHICAL THEORY TO ENRON CASE OF
ACCOUNTING FRAUD2IntroductionEthical theories are fundamental moral
philosophies and are part of philosophy thatinvolves systematizing,
defending, and recommending concepts of right and wrong
conduct.They are part of ethics which concerns matters of value,
right, wrong, and are used in the criticaldecision-making process
(Carroll & Buchholtz, 2014). The ethical theories provide a
moral guidethat ensures that individuals can make rational
decisions that are founded on ethics and values.Several ethical
theories are used on a day-to-day basis to guide the decisions and
behaviors thatindividuals and companies make daily through their
engagement with clients as well theirinternal and external
behaviors. Today, the ethical theories are broadly categorized into
threemajor sections, namely meta-ethics, normative ethical
theories, and applied ethical theories.As mentioned above, ethical
theories provide part of a decision-making framework andact as the
foundation for moral decision making. They serve as the foundation
for decisionmaking when ethics are in play since the theories
present the viewpoint from which individualsseek guidance in the
process of decision making (Carroll & Buchholtz, 2014). Each
ethicalapproach emphasizes …